[MARKET ANALYSIS] Oil prices are rangebound with the US and Iran set to resume talks in Geneva today
Importance
Level 1
WTI/Brent: WTI Apr'26 +0.4% / Brent May'26 +0.4%
- Oil prices are rangebound following the prior day's choppy performance and substantial build in crude stockpiles, while the attention remains on geopolitics with the US and Iran set to resume talks in Geneva today.
Gold: +0.3%
- Gold is kept afloat and eyes a retest of the USD 5,200/oz level, but with price action rangebound in comparison to the early swings in silver.
Copper: -0.3%
- Holds on to most of the prior day's spoils but with upside capped overnight as Chinese markets lag behind regional peers.
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